Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
Twin Transition. Twin Transition. Twin Transition.
In today’s world, businesses face the challenges of climate change and digital disruption. Recognizing this, many are embracing a twin transition, merging digital innovation with sustainable practices to ensure future success. At NUON, we see this transition as a crucial interplay between technology and sustainability.
The urgency.
The urgency of climate change is escalating, with current commitments for 2030 projected to reduce emissions by only 7.5%, far below the 55% reduction needed to align with the goals of the Paris Agreement.
Achieving this requires restructuring high-emission sectors around efficiency, circularity, and sustainability, with digital technology playing a key role in accelerating this transformation.
Research conducted by Accenture, in collaboration with the World Economic Forum, reveals that widespread implementation of digital technologies across various sectors could potentially account for up to 20% of the required reduction by 2050 to achieve net-zero trajectories set by the International Energy Agency.
Rapid integration of digital technologies within these sectors has already demonstrated the capacity to reduce emissions by 4-10%.
Energy. Materials. Mobility. Energy. Materials. Mobility. Energy. Materials. Mobility. Energy. Materials. Mobility. Energy. Materials. Mobility. Energy. Materials. Mobility. Energy. Materials. Mobility. Energy. Materials. Mobility. Energy. Materials. Mobility. Energy. Materials. Mobility.
The energy, materials, and mobility sectors are the top three emitters, accounting for 34%, 21%, and 19% of total 2020 emissions, respectively.
They also offer significant potential for emissions reduction through digital technologies. These technologies encompass four key clusters:
- Decision-making technologies augment human intelligence.
- Sensing and control technologies collect data and optimize physical processes for sustainability.
- Enabling technologies are essential for digital businesses to realize benefits.
- Foundational technologies are integral to current operations.
20% GHG reduction by 2050 by the use of digital solutions in the three highest-emitting sectors: energy, materials, and mobility.
The solutions.
At NUON, we strongly advocate for the transformative potential of cutting-edge technologies like AI, big data, and the Internet of Things (IoT). These tools play a crucial role in optimising resource management, minimising waste, and reducing carbon footprints.
A twin transition presents significant business opportunities for decision-makers to create value, drive innovation and gain competitive advantage.
It is a complex process that requires a fundamental shift in business operations, strategies, and mindsets. To successfully evolve towards this target picture, businesses need to:
Embrace Digital Transformation.
Digital transformation plays a pivotal role in helping businesses optimize their operations, minimize waste, and improve efficiency, thereby reducing their environmental impact. By leveraging digital technologies such as automation and data analytics, organizations can streamline processes, identify inefficiencies, and make data-driven decisions. This not only enhances operational effectiveness but also enables the implementation of sustainable practices across various aspects of the business. Real-time data and insights provided by digital solutions empower organizations to monitor and manage their environmental performance more effectively, identifying areas for improvement and driving continuous innovation. Ultimately, embracing digital transformation not only drives business success but also contributes to a more sustainable future by minimizing resource consumption, reducing emissions, and fostering responsible business practices.
Adopt sustainable practices.
Incorporating sustainable practices throughout the entire value chain is essential for businesses to effectively reduce their environmental footprint. This holistic approach involves reimagining product design to prioritize eco-friendly materials, optimizing raw material sourcing to minimize environmental impact, implementing energy-efficient production processes, adopting sustainable logistics solutions to reduce carbon emissions, and implementing responsible disposal methods to minimize waste generation. By embracing sustainable practices across these aspects of their operations, businesses can not only mitigate their environmental impact but also realise numerous benefits. These include reduced operational costs through resource efficiency, increased competitiveness by meeting consumer demand for eco-conscious products, and enhanced brand reputation as socially and environmentally responsible organizations committed to creating a more sustainable future.
Collaborate with Stakeholders.
Collaboration with stakeholders is essential for businesses to successfully transition towards a sustainable future. This involves engaging with various parties such as customers, suppliers, investors, employees, and communities. By actively involving stakeholders in the transition journey, listening to their feedback, and addressing their concerns, businesses can ensure that their sustainability initiatives are aligned with the needs and expectations of all involved parties. This collaborative approach fosters transparency, trust, and shared responsibility, ultimately driving collective action towards achieving sustainability goals.
Research Report
Net Zero and Digital Transformation.
20%
of global CO2 emissions saved by digital technologies